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In Faith and Economics, economics professors Dr. Russ McCullough and Dr. Peter Jacobsen and philosophy professor Dr. Justin Clarke discuss big issues that impact economic freedom and human flourishing from a Christian perspective. This podcast is an initiative of the Gwartney Institute at Ottawa University. For more information, contact us at gwartney.institute@gmail.com
 
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show series
 
In recent news, LA city counselors were caught on tape saying derogatory things about those living within their community. Upon this news, the Gwartney team looks to discuss the incentives for such behavior within Los Angeles. The Gwartney team discusses why LA city counselors are paid hefty amounts and why they cannot be kicked out of office. What…
 
In this episode, the Gwartney team welcomes our namesake to the show, Dr. Jim Gwartney. Dr. Gwartney uses his economic expertise to examine the current financial situation of the United States. What has caused this situation? Do the incentives of the people match up with those in power positions? Join us for a great show with the Institutes inspira…
 
Do landlords receive a terrible reputation? Most would answer yes, but why is that? In this episode, the Gwartney team discusses some of the positives of renting, especially when mitigating risk for tenants. Join us in changing the way we perceive the life of the landlord! Timeline: The Rhetoric of Landlords / 4:40 Risk Taker / 7:00 The Tragedy of …
 
In this episode, the Gwartney team talks about power and wealth. As a society should we strive to improve geopolitical power? Does power come from wealth? Can we find value in destruction? How does war fit within our pictures of power and wealth? Join us as we answer questions like these and more! Have a happy Halloween! Timeline: Geopolitical Powe…
 
We are happy to welcome back Dave Trabert of the Kansas Policy Institute! In this episode, we discuss eyebrow-threading licenses and how they could cause inefficiencies in the economy. We dive into other industries, such as barbers, electricians, and roofers, that have licensures or permits and how it could affect their industry. How do policies al…
 
Have you ever thought that modern-day sports are adding more theatrics into their games? Dr. Peter Jacobsen leads the team through comparisons of the WWE to the NFL, arguing that the NFL is more similar to the WWE than it seems. We discuss how these theatrics are not at play just in football, but in soccer, basketball, and baseball. Join us for a f…
 
In this episode, the Gwartney team welcomes Dave Trabert to the show! Trabert is an expert on the current education system and is asking for your help to change it! In this show, we will be discussing the monopoly of our current education system and what other options are becoming available to deter this monopoly. From charter schools to vouchers, …
 
In this episode, Justin introduces the theory of subjective value and issues that arise within its premises. Peter disagrees with Justin on where value comes from and how it's measured. Do we consider irrational beings as agents/people? With conversation flowing, we decided to make this topic into a two-parter. We hope you enjoy the beginning and s…
 
In this episode, Justin leads the Gwartney team through our conversation regarding the order of operations, no not math. Each state should be responsible for its citizens and engage in policies that benefit them. What is the correct order of implementing/disengaging specific policies and provisions? Join us for a delightful show! Timeline: Libertar…
 
In this week's episode, Dr. Peter Jacobsen leads the Gwartney team through the Biblical story, of the prodigal son. In this story, what is the sin that Jesus is trying to identify? What is, if any, our reward for being 'good' on Earth? Timeline: Reparations / 3:45 Cain and Abel / 7:15 Transactional Behavior / 12:30 Usurp of Authority / 16:45 Prodig…
 
In this week's episode, the Gwartney team discusses rational ignorance and how society engages in it. Further, we investigate public choice and the dangers of growing bureaucracies. We hope you enjoy this episode and see how it fits into your life! Timeline: Public Finance / 2:30 Black Box (James Buchanan) / 5:00 Sugar Policies / 11:00 Poverty Redu…
 
We are in the mood for a celebration because it's our 200th episode! In this special, live podcast, we take in a few questions from those attending. We hope you enjoy this laid-back conversation covering topics from higher education to cryptocurrency. Timeline: Previous favorites 1:45 Students Value on Higher Education /8:30 Sheepskin Effect / 13:0…
 
In this week's episode, the Gwartney team welcomes Pastor Dakota Smith from Ottawa Bible Church. Pastor Smith's discussion of choice revolves around predictions from Revelation of a mono-culture speared by a global government. We open up the possibility of such a reality by describing some potential downfalls of our society. For instance, we discus…
 
The Biden Administration has just approved the Inflation Reduction Act. This act supposedly aims to reduce the budget deficit while aiding our inflation issue. Unfortunately, most of the act is a spending bill, especially for energy, climate change, and the employment of an additional 87,000 IRA agents. We hope you enjoy this discussion on the prob…
 
For years, elitists have ensured its people that climate change is inevitable and worthy of federal spending. The Gwartney team discusses the current climate 'crisis' and the importance of crisis' to those in power. What does faith say about climate change? We expect innovation to solve our crisis and for you to love this show! Listen now! TImeline…
 
In this episode, the Gwartney team welcomes Pastor Timothy Roth to the show! Pastor Roth wants to discuss the current culture of individualism and what the Bible says about family that contradicts the current culture norms. How does one explain they care about the economy without sounding like they only care about money? A podcast truly interloping…
 
In recent news, Governor Gavin Newsom of California plans to produce insulin for those who have diabetes. Is the market incapable of producing an efficient quantity of insulin? California plans on intruding itself within private markets backed by a plethora of federal regulations and guidelines. Is the market competitive? Join us for a riveting con…
 
In this week's show, the Gwartney team welcomes guest Luke Groth. Our conversation stems around Luke's line of work, the data industry. The ever-growing strength of the data industry is on full display. Join us as we discuss the positives and negatives of big data. Timeline: Deep Data Dive / 1:45 Made to Predict / 6:15 Anonymous or Not? / 11:00 Dat…
 
This week, the Gwartney Institute examines the relationship between church and state. Are laws preventing the state from establishing a federal or local religion? Is our nation Christian or something else entirely? Join an insightful conversation about religion's effect on society. Timeline: Philosophical Principle / 3:05 The Blurry Line / 7:45 Mor…
 
The Supreme Court of the United States has been active in releasing its rulings, and our team wants to look into these cases. With a deep look into the overarching philosophy of these decisions, the Gwartney team jumps into abortion, freedom of religion, and 2nd amendment cases. Join us in a riveting conversation about the current political landsca…
 
In this week's episode, the Gwartney team follows the writings of R.H. Coase, specifically the relationship between the market for goods and the market for ideas. Why do regulators desire to regulate the market for goods, but insist on maintaining a free market for ideas? Has society transitioned into a less openly free speech one? Join the convers…
 
In this episode, we welcome back Dr. Julia Norgaard. In her second appearance, the team wants to dive into Dr. Norgaard's research on the dark web. What advantages and disadvantages arise from having transactions within the deep web? Join the conversation over a genuine part of upcoming technology. Timeline: Silk Road / 3:00 The Onion Router / 5:45…
 
The sunk cost fallacy is when one has already invested into a project, begins to examine the overall cost estimate involved and with the project, and thus commits to the project even harder because they are personally invested in the project. Yet, some economists say NO, you must only examine the future costs and rewards! What do you think? Join th…
 
Recently, our founder Russ McCullough traveled to Zimbabwe to experience its culture, people, and beautiful scenery firsthand. In this podcast, the Gwartney team discusses the current economic situation within Zimbabwe and possible ways it can improve its economy. Join us in an enlightening discussion about a country across the sea. Timeline: Russ …
 
This week, the Gwartney team welcomes to the show, Michael Farren. Micheal and the team discuss different states subsidizing businesses to locate within their state. We discuss the after-effects of when businesses and governments collaborate, does this partnership ruin competition? Join the conversation now! Kansas City is ground zero / 1:45 Truce …
 
There has been increased pressure for democratic policymakers to begin forgiving student loans. Join the Gwartney team as we discuss different incentives and problems that arise due to student loan forgiveness ideas. Pausing of interest / 2:00 Government is making the loan / 5:45 Just the way things work? / 11:45 Weird incentives / 15:40 Regressive…
 
On May 3rd, a Supreme Court draft decision to overturn Roe v. Wade was leaked to the mainstream media. This has sparked a nationwide debate on the proper ways of moving forward and maintaining security within the judiciary branch. Join our "talking heads" as we discuss the fallout effect of the leak, abortion issues aside!…
 
After journeying through three other philosophies of the mind, Dr. Justin Clarke leads the team through the final theory of this series. In this last theory, property dualism, our mind, and body are part of one substance and are capable of communicating with one another. Does this theory persuade you? Join a thought-provoking episode now! Timeline:…
 
In our third part of the Philosophy of Mind series, Dr. Justin Clarke runs the Gwartney team through functionalism. Functionalism pictures the human mind as a computer, or capable of grasping input to create an output. This theory of mind paints humans as physical beings, only being able to accept first-person, objective truths. Do you feel more al…
 
In a continuation of last week's show, Dr. Justin Clarke leads us through a challenge to dualism's mind philosophy, materialism. Materialism argues that our brain is our mind and that mental activities are connected to physical ones. Materialists believe physical matter is the only reality and that everything, including thought, feeling, mind, and …
 
In this week's podcast, Dr. Justin Clarke leads the Gwartney team through the thoughts of René Descartes, a French philosopher who focused on the duality of the mind. What can we determine for certain exists? Descartes believes the foundation of our existence stems from our ability to think. Our ability to think, Descartes argues, distinguishably s…
 
In this week's show, the Gwartney team argues against central planners by examining the economic freedom scores of different countries. Specifically, these are countries that were formed after the split of the Soviet Union. Some of these countries, like Poland, chose to pursue free-market economics, while others, such as Ukraine, continued economic…
 
In a continuation of last week, this week's episode, the Gwartney team is at Creighton University! The institute took some of our students down to Creighton University for Humanomics 2022. This event had students go through 3 discussion sessions, 2 keynote lectures, 1 faculty panel, 1 movie discussion, and finally a podcast. The topics that were di…
 
In this week's episode, the Gwartney team is at Creighton University! The institute took some of our students down to Creighton University for Humanomics 2022. This event had students go through 3 discussion sessions, 2 keynote lectures, 1 faculty panel, 1 movie discussion, and finally a podcast. The topics that were discussed at this event were so…
 
In this week's episode, the Gwartney team welcomes back Dr. Rachel Ferguson. Rachel has been on our show many times before, but this episode is special because it features her new book coming out, "Black Liberation Through the Marketplace: Hope, Heartbreak, and the Promise of America." This book is released on May 10th so make sure you follow the l…
 
This week's podcast is a continuation and part 2 of the last show, "E-communist or Economist?" Peter continues going through his paper he wrote on a survey conducted on economists, entitled "New Survey Shows Economists Are Warming Up to Central Planning". In this episode, we describe what is causing economists to shift their beliefs so much in the …
 
This week the Gwartney team talks about a recent article Dr. Peter Jacobsen published for FEE. The article is titled "New Survey Shows Economists Are Warming Up to Central Planning." The show goes through the different survey questions that were brought up in the article. Russ, Peter, and Justin chime in about the changes from 1990 to 2021. Timelin…
 
This week the Gwartney team talks about what has been happening in Canada. The team goes over the current situation of truckers blocking major roads and adding congestion to the city of Ottawa. This is a friendly protest against the vaccine mandates that are happening all around Canada. Some people are upset and some are enjoying the content from t…
 
Julia Norgaard joins the Gwartney team this week to talk about the Pope and economics. Julia R. Norgaard received her Ph.D. from George Mason University where she was a Ph.D. fellow at the Mercatus Center and a graduate lecturer. In 2015, she received her master's degree in economics from George Mason University. Dr. Norgaard received her BA in eco…
 
This week the Gwartney team welcomes special guest Tim Hsiao. Tim is the Assistant Professor of Philosophy and Humanities at the University of Arkansas Grantham. Tim's areas of specialization are applied ethics, social philosophy, and environmental ethics. Tim has a wonderful article on, "The Moral Case for Gun Ownership," which we found very intri…
 
This week the Gwartney team talks about war! Are we on the brink of world war 3? Give a listen to our show to see what the three professors have to say about what is going on between Russia and Ukraine. What is the role of economics during a war? Timeline: Should the US back Ukraine or back off? / 1:45 Different modes of combat / 5:20 Look out for …
 
This week the Gwartney team looks at a topic that Dr. Jacobsen was researching. Peter was looking into what states people are leaving from the most. He noticed that New York, California, and Illinois are the top three states with the highest declining population rate. We discuss the reasons why this might be. Give it a listen to see if you think we…
 
In this week's episode, the Gwartney team takes a look into the future with their early 2022 predictions. What policies do you think are sticking around this year? Russ and Peter discuss what the economy is going to look like in the upcoming year, and my personal favorite is the prediction of who is winning the Super Bowl this year. If you like the…
 
This week the Gwartney team talks about Covid policies. Were these policies put into place using cost-benefit thinking or were they politically motivated? Dr. Jacobsen helps us understand James M. Buchanan's thoughts about how to fully understand opportunity costs. Are Christians more likely to not be afraid of the virus? There is a lot in this sho…
 
This week the team talks about the 'Smash & Grabs' that have happened in the San Fransisco area. We have now seen them happen around the nation but we stick to the big ones happening in SF. We talk about why these thief's are allowed to be doing this with no consequences. Then we get into how we can fix this problem and make it better for everyone.…
 
The experience machine or pleasure machine is a thought experiment put forward by philosopher Robert Nozick in his 1974 book Anarchy, State, and Utopia. It is an attempt to refute hedonism by imagining a choice between everyday reality and an apparently preferable simulated reality. The Gwartney team is led through this thought experiment by Dr. Ju…
 
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